BALTIMORE, MD -- (Marketwired) -- 04/30/13 -- Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, notes that the trend toward a broader engagement of medical marijuana research is clearly moving ahead and could have a material impact on Nuvilex Inc. (OTCQB: NVLX). Nuvilex is an international firm engaged in live-cell encapsulation technology to treat pancreatic cancer along with the development and study of the use of medical marijuana for the treatment of oncology patients.
There are some startling statistics that illustrate the need for major change in how oncology treatments are performed, which also happens to sit firmly in Nuvilex's wheelhouse.
According to a study by the University of Chicago, one-third of chemotherapies are used off-label. In other words, 1 in 3 chemotherapy treatments is used to treat cancers in which the FDA never approved to treat. Such steps can jeopardize the health and safety of the cancer patients and cannot be properly measured by any risk/benefit analysis. An estimated $12 billion was spent on chemotherapies in 2010, with up to $4 billion on off-label use. Clearly, as the numbers bear out, physicians are scrambling to seek complementary alternatives to be used in conjunction with or instead of FDA-approved therapies that may not be working alone.
Nuvilex's subsidiary, Medical Marijuana Sciences, Inc., builds upon the Company's many years of experience in developing "all-natural" products for various uses by studying the medical applications of marijuana (Cannabis sativa) and developing treatments for serious human diseases. The components of marijuana that have shown medical activity are broadly known as "cannabinoids." In a number of studies, cannabinoids have demonstrated an ability to act as an anticancer agent.
Leveraging the use of Nuvilex's successful live cell-encapsulation technology to treat certain cancers in clinical trials and other tests, the Company's efforts are targeted towards developing treatments for some of the most difficult-to-treat forms of cancer. These include brain tumors and pancreatic cancer.
As the public clamors for better cancer treatment options, Nuvilex (OTCQB: NVLX) and other firms will progress on the development side and in the not-so-distant future Nuvilex hopes to commence human clinical trials using medical marijuana to treat cancer. These events will place Nuvilex (OTCQB: NVLX), at the forefront of both the medical marijuana and the oncology treatment arenas and could serve as one of the drivers that limit the off-label use of chemotherapy. Moreover, advancements in this research could result in greater efficacy with no increase in toxicity.
To view a summary of Nuvilex reports or download the reports in their entirety, please visit www.goldmanresearch.com
About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces small cap and micro cap stock research reports, daily stock market blogs, and popular investment newsletters. For more information, visit www.goldmanresearch.com.
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About Nuvilex, Inc. (OTCQB: NVLX): Nuvilex, Inc. has been a provider of all-natural products for many years, has expanded its company to increase its natural product based footprint through medical marijuana studies and is becoming an international biotechnology provider of live, therapeutically valuable, encapsulated cells and services for treatments, research and medicine. The Company's offerings will ultimately include cancer, diabetes and other clinical treatments using the company's natural product knowledge, product base, cell and gene therapy expertise, and live-cell encapsulation technology in addition to other new products currently under development. For more information visit: www.nuvilex.com.
Goldman Small Cap Research
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